Ekso Bionics Correlations

EKSO Stock

USD 0.66 0.01 0.90%

The current 90-days correlation between Ekso Bionics Holdings and Opsens Inc is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ekso Bionics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ekso Bionics Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ekso Bionics Correlation With Market

Weak diversification

The correlation between Ekso Bionics Holdings and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ekso Bionics Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ekso Bionics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Ekso Stock

0.68	CI	Cigna Corp	Pair Corr
0.83	CNC	Centene Corp Sell-off Trend	Pair Corr
0.86	ELV	Elevance Health Fiscal Year End 22nd of January 2025	Pair Corr
0.69	MOH	Molina Healthcare	Pair Corr
0.94	TFX	Teleflex Incorporated	Pair Corr
0.78	XTNT	Xtant Medical Holdings	Pair Corr
0.94	GCTK	GlucoTrack	Pair Corr
0.91	ZJYL	JIN MEDICAL INTERNATIONAL	Pair Corr
0.78	MASS	908 Devices	Pair Corr
0.79	MXCT	MaxCyte	Pair Corr
0.88	ACET	Adicet Bio Buyout Trend	Pair Corr

Moving against Ekso Stock

0.91	LNSR	LENSAR Inc	Pair Corr
0.87	VREX	Varex Imaging Corp	Pair Corr
0.87	WGS	GeneDx Holdings Corp	Pair Corr
0.8	CAH	Cardinal Health	Pair Corr
0.73	XAIR	Beyond Air	Pair Corr
0.69	VMD	Viemed Healthcare	Pair Corr
0.66	LH	Laboratory	Pair Corr
0.36	MBOT	Microbot Medical	Pair Corr
0.86	ESPR	Esperion Therapeutics	Pair Corr
0.81	ATEC	Alphatec Holdings Buyout Trend	Pair Corr
0.77	RDNT	RadNet Inc	Pair Corr
0.73	TMCI	Treace Medical Concepts	Pair Corr
0.71	OMIC	Singular Genomics Systems	Pair Corr
0.7	DRUG	Bright Minds Biosciences	Pair Corr
0.67	MMSI	Merit Medical Systems	Pair Corr
0.63	CTKB	Cytek Biosciences	Pair Corr
0.56	ALHC	Alignment Healthcare LLC	Pair Corr
0.46	BLCO	Bausch Lomb Corp	Pair Corr

Related Correlations Analysis

	PDEX	CLPBY	OPSSF	SAUHY	NEPH	INFU	POCI	MLSS	FEMY	LMAT
PDEX		-0.64	0.51	-0.72	-0.43	0.85	-0.13	-0.76	-0.36	0.93	PDEX
CLPBY	-0.64		-0.48	0.26	0.8	-0.52	0.51	0.63	-0.02	-0.52	CLPBY
OPSSF	0.51	-0.48		-0.54	-0.38	0.58	-0.27	-0.38	-0.21	0.61	OPSSF
SAUHY	-0.72	0.26	-0.54		0.13	-0.64	0.08	0.56	0.29	-0.7	SAUHY
NEPH	-0.43	0.8	-0.38	0.13		-0.29	0.84	0.67	-0.39	-0.26	NEPH
INFU	0.85	-0.52	0.58	-0.64	-0.29		-0.02	-0.69	-0.54	0.88	INFU
POCI	-0.13	0.51	-0.27	0.08	0.84	-0.02		0.49	-0.58	0.03	POCI
MLSS	-0.76	0.63	-0.38	0.56	0.67	-0.69	0.49		0.12	-0.64	MLSS
FEMY	-0.36	-0.02	-0.21	0.29	-0.39	-0.54	-0.58	0.12		-0.5	FEMY
LMAT	0.93	-0.52	0.61	-0.7	-0.26	0.88	0.03	-0.64	-0.5		LMAT
	PDEX	CLPBY	OPSSF	SAUHY	NEPH	INFU	POCI	MLSS	FEMY	LMAT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LMAT	+ 0.93	PDEX
LMAT	+ 0.88	INFU
INFU	+ 0.85	PDEX
POCI	+ 0.84	NEPH
NEPH	+ 0.8	CLPBY
MLSS	+ 0.67	NEPH

High negative correlations

MLSS	- 0.76	PDEX
SAUHY	- 0.72	PDEX
LMAT	- 0.7	SAUHY
MLSS	- 0.69	INFU
LMAT	- 0.64	MLSS
INFU	- 0.64	SAUHY

Risk-Adjusted Indicators

There is a big difference between Ekso Stock performing well and Ekso Bionics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ekso Bionics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PDEX	4.14	1.27	0.24	0.91	4.44	(4.69)	10.44	(9.00)	30.21
CLPBY	1.14	(0.19)	0.00	(0.53)	0.00	0.00	1.96	(2.63)	5.64
OPSSF	2.43	0.19	0.04	0.81	2.41	(3.45)	5.50	(4.58)	19.98
SAUHY	1.73	(0.26)	0.00	(0.39)	0.00	0.00	3.19	(4.38)	12.55
NEPH	1.76	(0.29)	0.00	(0.59)	0.00	0.00	2.74	(4.09)	11.29
INFU	2.95	0.36	0.13	0.33	2.75	(3.40)	6.79	(4.81)	22.10
POCI	3.51	0.01	0.00	0.13	4.10	(4.14)	7.48	(6.99)	18.59
MLSS	3.33	0.00	0.00	0.12	3.60	(4.72)	9.68	(7.89)	27.59
FEMY	3.05	(0.12)	(0.02)	0.03	3.47	(3.92)	6.56	(6.35)	22.44
LMAT	1.40	0.08	0.08	0.19	1.30	(1.63)	3.12	(2.19)	9.47

Ekso Bionics Corporate Management

Stephan Aderhold	Senior EMEA	Profile
Rachael Anderson	Global Growth	Profile
Scott Davis	Chief Officer	Profile
Jason Jones	Chief Officer	Profile

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